By Amy Joyner

IN 'The eBay Billionaires' membership, you'll learn thestories of twelve expert eBay retailers whorecognized an excellent company chance at the Internetand pursued it-some at nice own monetary risk.In each case, the gamble has paid off.There are a few strong classes to be learnedfrom those marketers, whose stories actually runthe gamut. in spite of everything, what all of them have in universal is they all started small-and a few have purposely made up our minds to stick that manner. you are going to speedy realize that eBay good fortune particularly iswithin your succeed in, simply because every body during this bookbegan on the very bottom.What's extra, a few them have achievedincredible progress in a comparatively brief time period, which may still encourage you to forestall pondering aboutyour inspiration and start at the highway to changing into amember of this elite membership yourself.Get your highlighters out and connect your seat belts for a trip that may placed you at the highway to construction your individual million-dollar-or maybe even billion-dollar-eBay business!""

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There are a lot of reasons for that. One, people sort by price very often, usually beginning with the lowest, so you get that bid right away. Two, psychologically when someone sees two auctions and one has a bid and one doesn’t, people like to bid on the one that already has bids. Auctions with bids get more bids because they look more appealing. Number three, let’s say that you start this thing at $20, but I start my same item at one penny. When I’m at $20, I might have three or four people involved already, and you might have your first bidder or nobody.

Joyner: Would you list an autographed item for a starting bid of 99 cents? Roberts: Our main strategy is to price things at 99 cents. Our consigners aren’t usually too hip with that because of the risk of losing money. But we do it for our own items. Because we have a pretty good costumer base and reputation, we’re usually able to get at least market value and usually much more for items by pricing items this way. It also helps keep our eBay fees low. PowerPointer A good strategy for moving merchandise is to start auctions at 99 cents.

I wanted to get them taken care of, so I ended up going back into the directory of eBay trading assistants and asking if they’d be willing to take clients from me that I couldn’t handle in return for a little percentage of their percentage. Joyner: When you send leads to other trading assistants, you do your best to find someone who has some expertise and knowledge of the particular product the consigner wants to sell. Why is that important? Hersh: Half the point of using a trading assistant is that I’m taking the hassle away from you, but the other half is I’m theoretically getting you the best possible price.

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